GCC’s renewable energy push pays off with Qatar, UAE taking lead
Several Gulf states rank relatively high on the World Economic Forum (WEF) Energy Transition Index, reflecting their efforts to transition toward renewable energy and reduce their dependence on fossil fuels.
DUBAI — The Gulf Cooperation Council (GCC) states are making strides in their energy transition journey, as highlighted by the 2024 World Economic Forum (WEF) Energy Transition Index (ETI).
The annual report released in mid-June, “Fostering Effective Energy Transition 2024,” assesses the progress and preparedness of 120 countries toward an equitable, secure and sustainable energy future.
Advanced economies were the top ETI performers, with Sweden, Denmark, Finland, Switzerland and France leading the rankings, respectively.
WEF noted that although 107 of the 120 countries evaluated in the report have shown progress in their energy transition over the past decade, the overall pace has slowed, and achieving a balanced transition remains a significant challenge.
